Friday, February 17, 2012

Courage or laxity? Bad debt mountain does not faze RBI

RBI Deputy Governor Anand Sinha recently said that from 15% (of total loans of the banking system) the NPAs came down till 2008, but they have risen sharply by 91% or Rs46,670 crore between 2005-2006 and 2010-2011. The situation is serious and banks had better do something about it quickly.........

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